2020 - Press Release Archives
General Dynamics Electric Boat awarded $9.5 billion by U.S. Navy for Columbia-class submarinesEB is prime contractor on design and production of new class of submarines, the nation's top strategic defense priority GROTON, Conn. (November 5, 2020) - General Dynamics Electric Boat announced today that the U.S. Navy has awarded it a $9.474-billion contract modification option for construction and test of the lead and second ships of the Columbia class, as well as associated design and engineering support. Electric Boat is the prime contractor on the Columbia program, which will replace the aging Ohio class of ballistic missile submarines. Electric Boat will perform about 78% of the construction of the Columbia class and recently shifted the program to full-scale construction at the company's manufacturing complex in Quonset Point, Rhode Island. Construction of four of the six ‘supermodules' will take place at Electric Boat's Quonset Point facility. The supermodules will then be transported by barge to the company's Final Test and Assembly yard in Groton, Connecticut, where the components will be assembled into a complete submarine in a 200,000 square-foot facility now under construction specifically for the Columbia class. General Dynamics recently reported that the design maturity for Columbia was almost 90% complete, nearly twice the level of design completion of the lead Virginia-class submarine when it started construction. "Electric Boat has been making preparations for construction of the Columbia class for nearly a decade, including advancing the design of this critical Navy asset, hiring and training thousands of skilled tradespeople, modernizing our facilities and helping to bolster the supply base. As a result, Columbia's design is more advanced than that of any previous submarine program," said Kevin Graney, president of General Dynamics Electric Boat. "We are grateful for the unwavering support of the Navy and Congress in securing funding to avoid disruption of this critical program." At 560 feet long with a displacement of nearly 21,000 tons, the submarines of the Columbia class will be the largest ever built by the United States. Ships of the Columbia class will have a life-of-ship fuel core that will power the submarine for its entire service life, eliminating the need for a mid-service refueling. Electric Boat will deliver the lead ship to the Navy in 2027. General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2019. More information about Electric Boat is available at www.gdeb.com. More information about General Dynamics is available at www.gd.com. 
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U.S. Navy awards General Dynamics $327M in contracts to support fleet maintenance and Virginia-class sub development and design work GROTON, Conn. (October 13, 2020) - The U.S. Navy has awarded General Dynamics Electric Boat a contract this week with a total value of $327 million. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). This cost-plus-fixed-fee contract for fiscal year 2020 is for lead yard support, development studies and design efforts for Virginia-class submarines. Under the contract modification, Electric Boat will undertake development studies and other work related to Virginia-class submarine design improvements, including incorporation of new technologies. This work will engage Electric Boat’s engineering and design organization, which comprises more than 5,000 employees. These employees work on all facets of the submarine life cycle from concept formulation and design through construction, maintenance and modernization, and eventually to inactivation and disposal. "Over the life of the Virginia program, the shipbuilders of Electric Boat have made improvements to the design of each ship," said Kevin Graney, President, General Dynamics Electric Boat. "This lead yard services contract will fund critical research and development work to further advance the stealth, capability and superiority of the Virginia class, providing our sailors with a greater advantage in the undersea domain." More information about Electric Boat is available at www.gdeb.com. For more information about General Dynamics, please visit www.generaldynamics.com.
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U.S. Navy awards General Dynamics $251M in contracts to support fleet maintenance and for Virginia-class sub development and design work GROTON, Conn. (October 1, 2020) - The U.S. Navy has awarded General Dynamics Electric Boat two contracts this week with a total value of $251 million. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). The first contract is a $215.7 million modification to a previously awarded contract, the cumulative value of which, if all options are exercised, could be more than $1 billion. Electric Boat will provide planning yard, design agent, engineering services and technical support for in-service submarines and submersible systems. The second contract is a $35.3 million cost-plus-fixed-fee contract for Reactor Plant Planning Yard services for the submarine fleet and Support Yard services for the Navy’s Moored Training Ships. "The shipbuilders of Electric Boat are proud to be a partner to the U.S. Navy, and continue to execute our mission to provide our sailors with the advantage that helps protect our Navy and our nation," said Kevin Graney, President, General Dynamics Electric Boat. "We continue to work to hire, train and develop future generations of shipbuilders as we continue to deliver the Virginia class of fast attack submarines and move toward full-scale construction of the Columbia class of ballistic missile submarines." More information about Electric Boat is available at www.gdeb.com. For more information about General Dynamics, please visit www.generaldynamics.com.
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Statement of Electric Boat President Kevin Graney on US Navy Award of Columbia-class Ballistic Missile Submarine Contract GROTON, Conn. (June 22, 2020) - General Dynamics Electric Boat president Kevin Graney issued the following statement about a US Navy contract award announced today. "The shipbuilders of Electric Boat recognize the responsibility and welcome the opportunity to deliver the Columbia class. Columbia is our nation's top strategic defense priority and, as the prime contractor, we will provide the safest and most capable class of submarines in the defense of our nation. As we move toward full scale construction later this year, Columbia's design is more advanced than that of any previous submarine program. We stand ready to execute on this critical program and have made extensive preparations by hiring and training the next generation of skilled shipbuilders, expanding and modernizing our facilities and strengthening our supply base." Background informationThe Navy announced today that General Dynamics Electric Boat has been awarded a contract modification for the design completion, engineering work and design support efforts for the Columbia Class of Ballistic Missile Submarines. An option valued at $9.47 billion supporting the construction of the first two ships of the Columbia class is established as part of this modification. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Electric Boat is the prime contractor on the design and construction of 12-ship Columbia class, which will replace the aging Ohio class of ballistic missile submarines. Electric Boat will manage numerous vendors and suppliers to do this work. Advanced construction began in 2017 at the company's facility in Quonset Point, Rhode Island. Final assembly and test of the Columbia class will take place starting in 2024 at Electric Boat's shipyard in Groton. General Dynamics is investing $1.8 billion in capital expenditures to construct and expand its facilities to support the construction of the Columbia class, the world's most advanced strategic missile submarine. The company's three primary locations are in Groton and New London, Conn.; and Quonset Point, R.I. Its current workforce is more than 16,000 employees. More information about Electric Boat is available at www.gdeb.com. For more information about General Dynamics, please visit www.generaldynamics.com.
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General Dynamics Electric Boat Begins Next Phase of Expansion to Support Construction of New Class of Submarines GROTON, Conn. (June 12, 2020) - General Dynamics Electric Boat today announced that it had signed a contract to begin the next phase of construction on a facility to support construction of the nation's new class of ballistic-missile submarines. The company signed a $544 million contract with AECOM of Los Angeles, California, to complete the construction of the South Yard Assembly Building (SYAB), the centerpiece of the biggest facility expansion in 50 years at the company's Groton shipyard. In September 2019 the company broke ground on the SYAB, a 200,000 square-foot building that will eventually be home to 1,400 skilled shipbuilders who will deliver the Columbia class to the U.S. Navy. Electric Boat is also expanding and modernizing other manufacturing spaces in Groton and building a floating dry dock. Electric Boat is the prime contractor on the design and build of the 12 ships of the Columbia class, which will replace the aging Ohio-class of ballistic-missile submarines. Early construction began in 2017 at the company's facility in Quonset Point, Rhode Island. Final assembly and test of the Columbia class will take place starting in 2024 at Electric Boat's shipyard in Groton. "General Dynamics Electric Boat continues to make investments – in facilities, in our supply chain and in the next generation of shipbuilders – to support the Columbia class, the Navy's top strategic priority," said EB President Kevin Graney. "Efficient completion of the SYAB will position us to begin delivering the next-generation of ballistic submarines in advance of the Ohio-class retiring from service." The South Yard Assembly Building is part of an overall $1.7 billion investment the company is making in modernizing and upgrading its facilities to meet the expanded needs of the Navy. The company has hired and trained thousands of new employees and has worked with its national network of suppliers to prepare for the estimated 150% increase in the need for supplies and materials to concurrently build the Columbia and Virginia classes. More information about Electric Boat is available at www.gdeb.com. For more information about General Dynamics, please visit www.gd.com. 
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General Dynamics Delivers Submarine Vermont GROTON, Conn. (April 17, 2020) - General Dynamics Electric Boat Friday delivered the nuclear-powered attack submarine Vermont (SSN 792) to the U.S. Navy. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE:GD). Vermont is the 19th submarine of the Virginia Class, which provides the Navy with the capabilities required to retain undersea dominance well into the 21st century. Vermont is the first of the ten-ship group of Virginia-class submarines known as Block IV. These ships embody a Navy and industry commitment to affordably deliver new submarines to the fleet with unmatched stealth and strike capacity. "The shipbuilders of Electric Boat are proud to deliver Vermont to our Navy, an extraordinarily capable ship," said Kevin Graney, President, General Dynamics Electric Boat. "I am pleased to report that the Vermont has received some of the highest quality ratings in the history of the Virginia program. We wish Vermont and her crew a long and distinguished career in defense of our nation." Virginia-class submarines displace 7,835 tons, with a hull length of 377 feet and a diameter of 34 feet. They are capable of speeds in excess of 25 knots and can dive to a depth greater than 800 feet, while carrying Mark 48 advanced capability torpedoes and Tomahawk cruise missiles. General Dynamics Electric Boat has a workforce of more than 16,600 employees at its three primary locations in Groton and New London, Connecticut, and Quonset Point, Rhode Island. General Dynamics Electric Boat is a business unit of General Dynamics (NYSE: GD). Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair. General Dynamics employs more than 100,000 people worldwide and generated $36.2 billion in revenue in 2018. More information about Electric Boat is available at www.gdeb.com. For more information about General Dynamics, please visit www.generaldynamics.com. 
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